B. backward integration. C. liquidation. D. retrenchment. What kind of strategy is retrenchment? What strategy involves reducing the scope of an

B. backward integration. C. liquidation. D. retrenchment. What kind of strategy is retrenchment? What strategy involves reducing the scope of an organization"s operations? Bankruptcy a. should never be used as a strategy. B. should be used only when one is legally forced to do so. C. can be an effective type of retrenchment strategy. Which of these is not a type of bankruptcy described in your text? In what type of bankruptcy is a liquidation procedure used only when a corporation sees no hope of being able to operate successfully or to obtain necessary creditor agreement?